The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Thursday, March 2, 2017

Trapped In The House Of Whores aka. The Trump Casino

Bagholder:In U.S. financial slang, a bagholder is a shareholder left holding shares of worthless stocks.Search Term: "Passive Investing"

January had roughly $35 billion in ETF inflows, and February also saw roughly $52 billion in inflows.That's a two-month inflow of about $87 billion..."It's the biggest two-month run in ETFs since ETFs were invented." [1993]If you look at what's getting the assets, it's low-cost index productRydex Bear / Bull asset ratio:

Rydex money market balances:

Mutual Fund cash balances:

Trump has taken over Obama's role as Wall Street's errand boy:

The Croupier-In-Chief:"A review of annual addresses to Congress since President Calvin Coolidge (1923-1928) shows that it’s exceedingly rare for president to mention the stock market.Until Barack Obama, that is."